$2.5bn investment in Russian nuclear power

Moscow has decided to increase investment in the country’s nuclear power generation sector with an injection of $2.5bn planned for the coming year.

The Russian government is increasing investments in nuclear corporation Rosatom from 58.2 $1.8bn to $2.5bn for 2014.

According to The Moscow Times, more than $679.8m will go toward construction of the Akkuyu nuclear power plant in Turkey.

Meanwhile the government will reportedly spend $30m to acquire a direct stake in Technopark Technology, a public corporation that works to develop Russia’s nuclear industry by extending the use of nuclear technology to industries such as telecommunications, energy conservation and laser technologies, the article said.

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